Chapter 5 19 ca s h s t i nve s t m e nt s ac c o unt

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Unformatted text preview: ation 5-9 Chapter 5-18 LO 2 Identify the major classifications of the balance sheet. Balance Sheet – “Current Assets” Balance Sheet – “Current Assets” Current Assets - “Summary” Cash and other assets a company expects to Balance Sheet ( in t ho us a nd s ) Current asset s convert into cash, sell, or consume either in one year or in the operating cycle, whichever is longer. Chapter 5-19 Ca s h S T I nve s t m e nt s Ac c o unt s r e c e iva b le I nve nt o r y Pr e pa id e x pe ns e s T o t a l c ur r e nt a s s e t s I nvest ment s: I nve s m e nt in ABC b o nd s I nve s t m e nt in UC I nc . $ 2 8 5 ,0 0 0 14 0 ,0 0 0 7 7 7 ,0 0 0 4 0 2 ,0 0 0 17 0 ,0 0 0 1,7 7 4 ,0 0 0 3 2 1,6 5 7 2 5 3 ,9 8 0 LO 2 Identify the major classifications of the balance sheet. LO Balance Sheet – “Noncurrent Assets” Balance Sheet – “Noncurrent Assets” Long-Term Investments Generally consists of four types: Securities Securities Fixed assets Special funds Nonconsolidated subsidiaries or affiliated...
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This document was uploaded on 02/08/2014.

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